Investors' Soapbox PM

Apple Maps Flap Hasn't Sapped IPhone Sales

Sterne Agee says there have been no changes to supply-chain build plans.

October 2, 2012

Sterne, Agee & Leach

Despite well-publicized concerns with Apple's new iPhone 5 Maps app, we have not picked up changes in supply-chain build plans. Demand appears robust with its online store quoting a lead time of three to four weeks.

In addition, we are seeing improving yields on in-cell touch screens meaning it is becoming less of a constraint. Instead, what appears to be limiting production is assembly of the iPhone...